European Commission - page 2

After Google’s massive EU fine, could Apple be next?

By

European Commission could get even tougher on tech in 2020
This wouldn't be the first time the EU has handed Apple a giant bill.
Photo: Ste Smith/Cult of Mac

Yesterday, the EU announced a massive $5 billion fine for Google due to its strategy of pushing Google search on Android devices.

However, according to a new op-ed published by Bloomberg, Apple deserves a big fine of its own. Here’s the argument behind that statement.

Google slapped with $5 billion fine for Android tactics

By

Android P has a similar swipe-based navigation system as the iPhone X, and it supports screen cutouts.
Google's been sneaky, the EU claims.
Photo: Google

Update: The European Commission has confirmed the fine, while also ordering Google make changes to rectify the problem.

Google is bracing itself to be hit with a 4.3 billion euro ($5 billion) fine as a result of its Android operating system strategy, the BBC reports.

The European Commission’s action will mark the conclusion of a three-year investigation into Android’s strategy, which unfairly strengths Google’s dominance as a search engine. The fine will be formally announced later today.

Apple starts paying off its massive $16 billion European tax bill

By

European Commission could get even tougher on tech in 2020
Apple's payment means EU will drop may drop its lawsuit against Ireland.
Photo: Ste Smith/Cult of Mac

Apple has transferred the first 1.5 billion euro ($1.18 billion) installment of its $16 billion fine ordered by the European Union, reflecting back taxes the company supposedly hasn’t paid.

The payment was confirmed today by Ireland’s Finance Minister Paschal Donohoe. In response to Apple paying up, EU authorities are reportedly open to dropping a lawsuit against Ireland for failing to do more to chase Apple’s debt.

Proposed E.U. laws crack down on tax-avoiding tech giants

By

Apple is worth more than the entire US energy sector combined
Europe has been pushing for tech giants to pay their share.
Photo: Ste Smith/Cult of Mac

The European Commission wants tech giants like Apple and other “digital businesses” to pay their fair share of taxes, and it’s announced new proposals to help implement this.

As previously suggested by French Finance Minister Bruno Le Maire, the proposed rules mean that companies would have to pay taxes throughout the EU, and not just in the location of the European headquarters.

Apple’s acquisition of Shazam now in the hands of antitrust regulators

By

Shazam iPhone
Apple must wait for EU approval.
Photo: Killian Bell/Cult of Mac

Apple has formerly requested approval for its Shazam acquisition from the European Commission.

EU antitrust regulators confirmed last month that they had launched an investigation into the deal following concerns from seven European countries. Apple will get a decision next month, but it may not be final.

Ireland reveals when Apple will finally pay its giant E.U. tax bill

By

Apple could be a $2 trillion company by end of 2021
That's one heckuva bank transfer!
Photo illustration: Ste Smith/Cult of Mac

After dragging its feet over collecting its giant 13 billion euros ($15.5 billion) tax bill from Apple, Ireland’s Department of Finance has revealed that an agreement has been reached with Apple over when the sum will actually be paid.

The giant tax haul, which Apple was ordered to pay by the European Commission over a year ago, will be transferred to an escrow account, which will manage the funds until all of Apple’s appeals have been heard. But not until 2018!

Ireland continues to drag its feet over Apple tax collecting

By

Apple could be a $2 trillion company by end of 2021
The Irish debt office said it would hire managers for the job by mid-November.
Photo illustration: Ste Smith/Cult of Mac

In the latest instalment of Apple’s battles with the European Union over taxes, Ireland is set to miss a deadline to hire managers to cary out the collection of its owed taxes.

The Irish debt office previously said that it would hire custodians and investment managers for the estimated $15.3 billion tax bill it was awarded by mid-November. However, Ireland — which has fought against collecting the funds from Apple — hasn’t handed out the contracts as it said it would in tender documents.

Europe sues Ireland over unpaid Apple taxes

By

What’s it like to have your startup bought by Apple? Stressful
The E.C. is continuing its battle with Silicon Valley.
Photo: Ste Smith/Cult of Mac

The European Commission is continuing its battle with Silicon Valley tech giants by taking Ireland to court, demanding that it reclaim a $17.6 billion tax payment it is owed by Apple.

In addition, it is demanding that Amazon pay it 250 million euros ($294 million) on the grounds that is has enjoyed an illegal “sweetheart deal” in Luxembourg.

Ireland could be in trouble for ignoring Apple’s giant tax bill

By

Apple could be a $2 trillion company by end of 2021
Ireland has yet to claim its Cupertino windfall.
Photo: Ste Smith/Cult of Mac

Ireland could receive an official rebuke from European Union authorities this week for failing to collect the $17.6 billion tax payment it is owed by Apple.

Apple was supposed to pay the money way back on January 3, but Ireland has continued to battle against the case — with the majority of the country saying it doesn’t want Apple’s money. As a result, the European Commission may issue a so-called “non-compliance action” against Ireland.

Europe wants to loosen Apple’s control on device repairs

By

iPad Mini 4 teardown by iFixit
The EU wants gadgets that are easier to fix and upgrade.
Photo: iFixit

Future iPhones and MacBooks will be more robust and easier to repair if the European Commission has its way.

Parliament is pushing for gadget makers like Apple to prolong the lifespan of their products by eliminating planned obsolescence and making it easier for consumers to repair and upgrade their devices.

U.S. government could back Apple’s tax battle against E.U.

By

France fines Apple $27 million for intention iPhone 'throttling' controversy
The E.U. fined Apple as massive $14.5 billion last year.
Photo: Ste Smith/Cult of Mac

The U.S. government may intervene as Apple appeals its massive 13 billion euro ($14.52 billion) tax bill from the European Union.

The demand for money was made last year, after the E.U. ruled that Apple has taken advantage of illegal state aid in routing its profits through Ireland. It seems that the U.S. government doesn’t see entirely eye-to-eye with Europe, though.

Antitrust investigators slam Google with $2.7 billion fine

By

Google
The E.U. regulators are hitting out at Google.
Photo: Ste Smith/Cult of Mac

Google has been fined 2.4 billion euros ($2.7 billion) by European Union regulators for reportedly skewing its search results in a way that hurts smaller shopping search services.

In addition to the massive fine, Google has been told that if it doesn’t stop its “illegal” suppression of rival price comparison services within 90 days, the European Commission will fine it up to 5 percent of its daily revenue.

Apple: Europe doesn’t understand how we make money

By

money
Tim Cook has always insisted that Apple is no tax dodger.
Photo: Ste Smith/Cult of Mac

Apple has filed a defense against its massive European Commission tax bill, arguing that it shouldn’t have to pay its $14 billion tax bill, and that the request should be either totally or partially annulled.

The argument, essentially, is a 14-point extension of Tim Cook’s previous assertion that existing tax codes are designed for an industrial, rather than a digital age.

Apple asserts that the European Commission misunderstands Apple’s business dealings, and says the reason it shouldn’t have to pay massive taxes in Ireland is because the actual profit-driving work Apple does is carried out elsewhere.

Apple is shifting its international iTunes business to Ireland

By

Apple's headquarters in Cork, Ireland.
Apple's headquarters in Cork, Ireland.
Photo: Jan Zuppinger/Flickr CC

Undeterred by its massive tax bill from the European Commission, Apple has confirmed it is shifting its international iTunes business from Luxembourg to Ireland.

The move, which will take place on February 5, was announced in an email to developers today. However, Apple started planning for it last September when it transferred all developer accounts and around $9 billion in assets from Luxembourg to Ireland.

Tax guru thinks Apple’s bill from Europe could be overturned

By

money
Apple's tax structure landed it with a massive bill last year.
Photo: Jim Merithew/Cult of Mac

Apple’s massive tax bill from the European Commission is tantamount to an ill-advised “land grab” and could be reversed in court, claims Feargal O’Rourke, the man who heads up the tax practice at PricewaterhouseCoopers in Ireland.

Speaking at the Irish Times corporation tax summit in Dublin, O’Rourke said he is confident the Commission’s decision will be overturned by the European Court of Justice.

Apple: Massive EU tax bill is just about making headlines

By

money
Apple's general counsel thinks the move against Apple is basically clickbait.
Photo: Jim Merithew/Cult of Mac

Apple has launched its legal challenge against the European Union’s demand of $14 billion in allegedly unpaid back taxes.

In a statement, Apple general counsel Bruce Sewell said Cupertino has been targeted because of its success, implying that European legislators picked on the company for largely symbolic reasons.

Ireland preps to appeal Apple tax case this week

By

money
Apple has been criticized for its tax structure.
Photo: Jim Merithew/Cult of Mac

Ireland is set to submit its formal appeal of a European Commission ruling that claimed Apple owes the country more than $14 billion in unpaid taxes.

The controversial tax ruling has been opposed by Irish citizens, a majority of whom say they don’t want Apple’s money. Ireland’s Finance Minister Michael Noonan said today that the country’s government has no choice but to appeal.

Apple has ‘failed to grasp’ why people are upset about tax avoidance

By

money
The president of the eurozone’s finance ministers says Apple just doesn't get it.
Photo: Ste Smith/Cult of Mac

Jeroen Dijsselbloem, president of the eurozone’s finance ministers, has accused Apple of “[failing] to grasp” the public outcry concerning tax avoidance by multinational corporations.

He was referring to last week’s landmark decision, which handed Apple an enormous tax bill of 13 billion euros ($14.52 billion), based on its supposed underpayment of taxes in the Republic of Ireland. Apple paid a reported 0.005 percent tax on its European profits in 2014.

Whose week sucked hardest, Apple’s or Samsung’s? [Friday Night Fight]

By

fnf
It's been a bad week for two of tech's biggest companies.
Photo: Ste Smith/Cult of Mac

The past week has been one to forget for both Apple and Samsung. While Cupertino was handed a hefty tax bill by the European Commission, Sammy has had to recall every Galaxy Note 7 unit sold so far for fear of them exploding.

Friday Night Fights bugBut which one will be most damaging, and which will quickly be forgotten? Apple’s tax fight is sure to rage on for months, but will faulty phones leave a bad taste in the mouths of Samsung fans a lot longer?

Join us in this week’s Friday Night Fight as we discuss the sad start to September for Apple and Samsung.

Tim Cook: Anti-U.S. bias is ‘one reason’ for Apple’s giant tax bill

By

Tim Cook
Tim Cook is not happy about the tax decision against Apple. Like, at all.
Photo: Jim Merithew/Cult of Mac

Tim Cook says that Apple is among the biggest Irish taxpayers, and claims anti-U.S. bias is “one reason” the company was targeted by the European Commission.

Cook was responding to this week’s news, in which Apple was handed an enormous tax bill of €13 billion ($14.52 billion) after an investigation into its reportedly illegal “sweetheart deal” in Ireland, giving it an unfair advantage over rivals.

Irish throw fruity protest against Apple tax breaks

By

Member of Sinn Féin Republican Youth in Dublin.
Member of Sinn Féin Republican Youth in Dublin.
Photo: An Phoblacht

The headquarters of the ruling government party of Ireland, Fine Gael, was the site of recent apple massacre after angry citizens flocked to the offices to protest Apple’s massive tax breaks.

Members of the youth wing Sinn Fein impaled apples of the orange and red variety on the fences of Fine Gael’s Dublin offices following the revelation from the European Commission that Ireland intentionally lowered Apple’s tax burden.

Check out the horrific scene:

Tim Cook: Apple’s tax bill will have a ‘harmful’ effect on investment in EU

By

Tim Cook
It didn't take Tim Cook long to hit back!
Photo: Jim Merithew/Cult of Mac

Tim Cook has written an open letter addressing Apple’s enormous tax bill, arguing that the European Union’s demand for €13 billion ($14.52 billion) in unpaid back taxes will have a “profound and harmful effect” on “investment and job creation in Europe.”

At present, Apple employs close to 6,000 people in Ireland, as well as “sustaining” 1.5 million jobs across Europe — including those at Apple and other manufacturers, developers and suppliers who rely on it.

After ruling, Apple could owe billions in EU taxes

By

Mo money, mo problems.
Apple faces a steep tax bill in Ireland.
Photo: Milo Kahney/Cult of Mac

The European Commission has finally finished its investigation into Apple’s tax breaks with Ireland and it appears that the company will be slapped with a fine for more than $1 billion in back taxes. 

The commission’s final ruling is expected to come tomorrow, according to a new report that claims Ireland will be expected to calculate exactly how much Apple owes. 

Apple will defend its tax deals against E.U. this week

By

money
Apple's tax investigations are continuing.
Photo: Ste Smith/Cult of Mac

Apple will join multinationals Google, McDonald’s and IKEA in defending its European tax deals against E.U. lawmakers this Wednesday.

The hearing concerns whether or not giants like Apple are receiving illegally favorable tax deals, which give them an unfair advantage over local businesses.